"ETHICAL HOUSING": what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
"ETHICAL HOUSING"
Largest movements
- Stocks and contracts -€278,866
down €278,866 (-39.9%), from €699,652 to €420,786
- Cash +€71,060
up €71,060 (+176,153%), from €40 to €71,101
mainly Stocks and contracts (+€278,866) and Other debts (+€24,664)
- Tangible fixed assets -€18,538
down €18,538 (-6.4%), from €289,254 to €270,716
- Debts after one year -€181,543
down €181,543 (-34.5%), from €525,941 to €344,398
- Trade debts -€69,149
down €69,149 (-86.3%), from €80,102 to €10,953
- Other debts +€24,664
up €24,664 (+6.0%), from €409,661 to €434,324
- Gross operating margin +€29,373
up €29,373 (+1,333%), from €2,204 to €31,577
- Depreciation +€12,359
up €12,359 (+200%), from €6,179 to €18,538
- Financial charges -€6,975
down €6,975 (-34.3%), from €20,345 to €13,370
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €989,654 | €768,678 | -€220,976 | -22.3% |
| Fixed assets | 21/28 | €289,254 | €270,716 | -€18,538 | -6.4% |
| Tangible fixed assets | 22/27 | €289,254 | €270,716 | -€18,538 | -6.4% |
| Land and buildings | 22 | €289,254 | €270,716 | -€18,538 | -6.4% |
| Current assets | 29/58 | €700,399 | €497,962 | -€202,437 | -28.9% |
| Stocks and contracts in progress | 3 | €699,652 | €420,786 | -€278,866 | -39.9% |
| Stocks | 30/36 | €699,652 | €420,786 | -€278,866 | -39.9% |
| Amounts receivable within one year | 40/41 | €707 | €6,076 | +€5,368 | +759% |
| Trade receivables | 40 | - | €5,299 | +€5,299 | |
| Other amounts receivable | 41 | €707 | €777 | +€69 | +9.8% |
| Cash at bank and in hand | 54/58 | €40 | €71,101 | +€71,060 | +176,153% |
| Total equity and liabilities | 10/49 | €989,654 | €768,678 | -€220,976 | -22.3% |
| Equity | 10/15 | -€37,429 | -€39,111 | -€1,682 | -4.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,429 | -€49,111 | -€1,682 | -3.5% |
| Amounts payable | 17/49 | €1,027,082 | €807,789 | -€219,293 | -21.4% |
| Amounts payable after more than one year | 17 | €525,941 | €344,398 | -€181,543 | -34.5% |
| Financial debts | 170/4 | €525,941 | €344,398 | -€181,543 | -34.5% |
| Amounts payable within one year | 42/48 | €501,141 | €461,713 | -€39,429 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €11,064 | €11,543 | +€479 | +4.3% |
| Trade debts | 44 | €80,102 | €10,953 | -€69,149 | -86.3% |
| Suppliers | 440/4 | €80,102 | €10,953 | -€69,149 | -86.3% |
| Taxes, remuneration and social security | 45 | €315 | €4,892 | +€4,577 | +1,453% |
| Taxes | 450/3 | €315 | €4,892 | +€4,577 | +1,453% |
| Other amounts payable | 47/48 | €409,661 | €434,324 | +€24,664 | +6.0% |
| Accrued charges and deferred income | 492/3 | - | €1,679 | +€1,679 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,179 | €18,538 | +€12,359 | +200% |
| Other operating charges | 640/8 | €1,506 | €1,352 | -€154 | -10.2% |
| Gross operating margin | 9900 | €2,204 | €31,577 | +€29,373 | +1,333% |
| Operating profit (loss) | 9901 | -€5,481 | €11,688 | +€17,169 | |
| Financial charges | 65/66B | €20,345 | €13,370 | -€6,975 | -34.3% |
| Recurring financial charges | 65 | €20,345 | €13,370 | -€6,975 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | -€25,826 | -€1,682 | +€24,143 | +93.5% |
| Profit (loss) for the period | 9904 | -€25,826 | -€1,682 | +€24,143 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,826 | -€1,682 | +€24,143 | +93.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.